Here’s something we didn’t know: In West Virginia there’s a regulation on the books, put there decades ago (pre-shale), that stipulates wells targeting “deep” formations including the Utica Shale must be at least 3,000 feet apart.
Read More “Bill to Encourage More Utica Wells Advances in WV Legislature”
New York Gov. Andrew Cuomo’s foolish policies have finally come home to roost. You can only overtax and overregulate for so long before a state’s economy comes tumbling down–and that’s just what’s happening to poor Andy, who went hat-in-hand to the White House on Tuesday to beg and plead with The Donald to tweak the newly implemented tax federal tax cut.
Read More “Trump Tells Cuomo F2F – You Should Allow Fracking & Pipelines”
Earlier this month Toby and Derek Rice, formerly executives with Rice Energy (before it sold to EQT), launched a proxy war to nominate board members who will appoint Toby CEO of EQT (see Proxy War: Rice Brothers Say Top EQT Mgmt, Board Must Go). The Rice boys are goosing the EQT board, asking them to schedule the annual meeting (where a vote will be taken) in April and not two months later in June as currently planned.
Read More “Rice Boys Goose EQT Board – Ask for April (not June) Annual Mtg”
On Feb. 4 the parent holding company for Marcellus driller Arsenal Resources, Arsenal Energy Holdings LLC, applied for what has to be the fastest “prepackaged bankruptcy” we’ve ever heard of (see Arsenal Resources Files for Speedy Chapter 11 Bankruptcy). At the time they said they wanted to be out of bankruptcy no later than Valentine’s Day–today.
Read More “Arsenal Energy Exits Bankruptcy in 10 Days Flat”
Utility company Consolidated Edison recently announced it will slap a moratorium on hooking up new customers for natural gas in Westchester County (NYC suburb) beginning March 15 (see Moratorium on New NatGas Customers Coming in NYC Area). Guess what’s happened? New applications to hook up to the gas line have doubled and there’s a virtual stampede to Con Ed’s door to file even more requests–before the March 15 deadline.
Read More “Westchester County Panic Continues – New Gas Requests Double”
Last week ExxonMobil and Qatar Petroleum announced a final investment decision (FID) to build Golden Pass LNG terminal, on the Texas side of the Sabine-Neches Waterway. That’s a stone’s throw from Cheneire Energy’s Sabine Pass LNG terminal on the Louisiana side of the waterway. Marcellus/Utica gas flows to the Cheniere facility. Will it also flow to Exxon’s when it’s built?
Read More “Exxon Building New Gulf Coast LNG Export Plant, M-U to Feed”
It’s no secret that getting a gas pipeline project of any kind approved in New York State is an uphill battle because our governor, Andrew Cuomo, blocks all new pipelines in a bid to keep his left wing supporters happy. An important project from Williams, the Northeast Supply Enhancement (NESE) which would beef up capacity along the Transco pipeline system going into New York City, is about to get two hearings with the state Dept. of Environmental Conservation.
Read More “It’s Time to Support Williams’ NESE Project in NY – Here’s How”
MARCELLUS/UTICA REGION: Two well permits awarded in Columbiana County (northern Utica); Westmoreland water authority will seek repayment from gas driller for additional water tests; OTHER U.S. REGIONS: New report details record Texas oil boom in 2018; NATIONAL: Don’t expect many US LNG exporters to build without firm supply deals; It’s full speed ahead for U.S. natural gas exports; INTERNATIONAL: Is a natural gas cartel forming?; Here’s why Saudi Aramco may be coming to an oil field near you.
Read More “Energy Stories of Interest: Thu, Feb 14, 2019”